Dana reports 4Q loss

Associated Press |

MAUMEE, Ohio (AP) _ Dana Inc. (DAN) on Tuesday reported a fourth-quarter loss of $104 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Maumee, Ohio-based company said it had a loss of 74 cents. Earnings, adjusted for pretax expenses and non-recurring costs, came to 62 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The automotive equipment supplier posted revenue of $1.84 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.77 billion.

Dana expects full-year earnings in the range of $2.60 to $2.90 per share, with revenue in the range of $7.5 billion to $7.7 billion.

Dana shares have dropped 5.5 percent since the beginning of the year. The stock has climbed 54 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAN at https://www.zacks.com/ap/DAN

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